Morocco : CDG invests $42.5 million in an agricultural company
Friday, 28 September 2018 19:10
Via its subsidiary Fipar Holding, Caisse marocaine des Dépôts et de Consignation (CDG) acquired 22.6% stake in the Moroccan group Les Domaines Zniber.
The acquisition was completed thanks to a MAD400 million ($42.5 million) capital increase. Its immediate effect will be to increase the equity of les Domaines de Zniber, which owns a dozen companies specialized in fruit growing.
It will, therefore, help extend the agricultural company’s activities, its exports notably.
Let’s remind that Fipar Holding is an important institutional investor in Morocco. Its investment portfolio includes companies like Citroën Maroc, Lydec, Air Liquide Maroc and Ciments du Maroc.
Chamberline Moko
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